Quote:
Originally Posted by Winsor_Pilates
Definitely a sign of the times.
The cost of everything is sky high and the cost of entering property markets is as well.
The people I'm referring to why going to have those gains, would have bought those properties 10,15,20+ years ago, so the prices were lower and their cost of living were likely much lower as well.
These type of opportunities feel like they've disappeared for the middle class.
And I think the important question is what do we do about that?
It seems a lot of people don't care of those investment vehicles are there anymore, as long as their neighbour who invested gets dragged back too.
Crabs in a bucket.
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Not crabs in a bucket. A progressive taxation on people who had exceptional returns some of who made there investment when the capital gains rate was 75% and who add time to sell prior to the rate going from 50% to 66%.